27 De Agosto Group
Most of the group members have small commercial operations and sell their wares in the Villa VerD. Market. Most sell food (fruit, vegetables, potatoes, prepared meals, bread, and sweets), though several sell clothing for adults and children, and one sells handicrafts. All of the group members have at least two years of experience with their respective businesses. Most plan to use their Kiva loans to expand their inventory.
27 D. Agosto's success has been thanks to the collaboration of all 14 of the group members, who are responsible people who know how to work in a team. The group knows what the group guarantee is, and never misses a payment at any of its meetings.
Translated and elaborated by Cynthia McMurry, Kiva Fellow
El grupo 27 D. agosto, este es un grupo muy dinámico, que se encuentra en el barrio 27 D. agosto, es un grupo que viene trabajando bastante tiempo con agrocapital con su tercer siclo sin problemas D. retraso. La mayoría son comerciantes menoristas del mercado Villa VerD., Gracias a la colaboración D. todas las socias del grupo que son un número D. 14 personas que se responsabilizan y saben trabajar en grupo conociendo que es la garantía en grupo y no dejando atrasarse en ninguna D. sus reuniones
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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